Centranet LLC

PROJECT PURPOSE

Centranet LLC in partnership with Stillwater is proposing to make high speed gigabit internet available to their population by building fiber to the home (FTTH) broadband infrastructure. Broadband Deployment with FTTH is an eligible and recommended project under the final rules of the Treasury for the Covid Fiscal Recovery Funds. The final rules released January 2022 expand the area of investment for broadband with an identified need including lack of reliable and affordable service. Most of the population of Stillwater does not have access to reliable and affordable internet. The city sees the availability of reliable and affordable broadband as a critical need to provide the residents with the resources for remote work, distance learning and participation in the digital economy.

EVIDENCE

None

POPULATION DESCRIPTION

The poverty rate in Stillwater is over 35%. The low income households of Stillwater are most affected by the lack of reliable and affordable broadband during the time of pandemic. The entire population of Stillwater and especially the low income group will benefit from this project.

PERFORMANCE MEASURING

The project performance will be measured by milestones during a 18-24 month time-frame. These milestones are discussed in detail in the Project Narrative Document that is attached. The project will be completed within 18-24 months.

ONGOING INVESTMENT AMOUNT

$

ONGOING INVESTMENT DESCRIPTION

None

ONGOING INVESTMENT REQUIRED

Able to continue operation without additional funding from the State of Oklahoma